---
schema_version: "secwatch.filing_event.v1"
accession: "0001298946-24-000084"
form_type: "8-K"
ticker: "DRH"
cik: "0001298946"
company_name: "DiamondRock Hospitality Co"
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:04:56.711418+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CEO Mark Brugger and CIO Troy Furbay finalize severance; lump-sum payments total $9M+

## Summary
- Brugger receives $6.885M severance, $418,497 pro-rata bonus, $3.5M in lieu of 2024 equity.
- Furbay receives $2.128M severance, $154,076 pro-rata bonus, $1.025M for 2024 contingent awards.
- Both executives' 2022 restricted stock, LTIP units, and retention awards vest immediately.
- PSU awards from 2022 and 2023 remain eligible; shares issued at target after performance period.
- CEO Brugger subject to 5-year non-compete; Furbay gets up to $10K attorney fee reimbursement.

## SEC filing metadata
- accession: 0001298946-24-000084
- form_type: 8-K
- ticker: DRH
- cik: 0001298946
- company_name: DiamondRock Hospitality Co
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000084/0001298946-24-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000084/drh-20240517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298946-24-000084
- JSON: https://secwatch.observer/filing/0001298946-24-000084.json
- Plain text: https://secwatch.observer/filing/0001298946-24-000084.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.